Equinix's (EQIX) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Equinix has had its "hold (c)" rating reaffirmed by Weiss Ratings, while other firms such as Cfra Research and Wells Fargo adjusted their ratings and price targets for the stock.
• The company's recent quarterly earnings report showed an EPS of $9.91, significantly surpassing analysts' expectations, and revenues increased by 4.5% year-over-year.
• Institutional investors dominate Equinix's stock ownership, holding approximately 94.94% of shares, reflecting strong institutional confidence in the company.

Equinix (NASDAQ:EQIX - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other research firms have also weighed in on EQIX. Cfra Research lowered shares of Equinix from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 31st. Wells Fargo & Company reduced their price objective on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Mizuho cut their price target on shares of Equinix from $1,069.00 to $900.00 and set an "outperform" rating for the company in a report on Tuesday, July 1st. The Goldman Sachs Group lowered their price objective on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Finally, Scotiabank lowered their price target on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 26th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $960.65.

Equinix Trading Up 2.1%

Shares of NASDAQ:EQIX opened at $803.62 on Wednesday. Equinix has a twelve month low of $701.41 and a twelve month high of $994.03. The firm has a market cap of $78.64 billion, a P/E ratio of 78.71, a P/E/G ratio of 1.40 and a beta of 0.92. The company has a 50 day moving average of $781.75 and a 200-day moving average of $813.38. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.29.

Equinix (NASDAQ:EQIX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the business earned $9.22 earnings per share. The firm's revenue was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. As a group, analysts anticipate that Equinix will post 33.1 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Raouf Abdel sold 404 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total value of $311,528.44. Following the completion of the transaction, the executive vice president owned 6,378 shares in the company, valued at $4,918,139.58. This trade represents a 5.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director owned 17,832 shares of the company's stock, valued at approximately $13,935,708. The trade was a 0.42% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Institutional Trading of Equinix

Several hedge funds have recently bought and sold shares of EQIX. Brighton Jones LLC boosted its holdings in shares of Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after buying an additional 73 shares during the last quarter. UMB Bank n.a. grew its position in Equinix by 34.0% during the first quarter. UMB Bank n.a. now owns 260 shares of the financial services provider's stock valued at $212,000 after acquiring an additional 66 shares during the last quarter. Farther Finance Advisors LLC grew its position in Equinix by 5.5% during the first quarter. Farther Finance Advisors LLC now owns 767 shares of the financial services provider's stock valued at $626,000 after acquiring an additional 40 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Equinix by 19.7% during the first quarter. Harbor Capital Advisors Inc. now owns 2,251 shares of the financial services provider's stock valued at $1,835,000 after acquiring an additional 371 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Equinix by 15.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,867 shares of the financial services provider's stock worth $3,153,000 after purchasing an additional 507 shares during the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

About Equinix

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.

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